
January 2025 Brings a COLA Increase to Social Security—See How It Impacts You!
Social Security beneficiaries are gearing up for changes in January 2025 as a 2.5% Cost-of-Living Adjustment (COLA) is set to increase monthly payments. This adjustment, designed to help recipients keep up with inflation, will provide a modest boost to benefits. But is the rumored one-time $5,920 payment real? Let’s break it down. No Lump-Sum Payment…